Is the business good?
How good a business is ACDC?
ProFrac Holding Corp. earns −14% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−14%
Return on invested capital · cost of capital 9.0% · 23 points below what the capital costs: growth destroys value
- Operating margin
- −16%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q1 2026
- Share count, year on year
- +14%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 22%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −17% |
| FY2021 | −2.3% |
| FY2022 | 17% |
| FY2023 | 6.3% |
| FY2024 | −2.8% |
| FY2025 | −12% |
Details›
- Gross margin12 months to Q1 2026
- 22%
- Operating margin12 months to Q1 2026
- −16%
- Net margin12 months to Q1 2026
- −24%
- Free cash flow margin
- 0.11%
- Revenue, trailing twelve months
- $1.79B
- Free cash flow, trailing twelve months
- $2.0M
- Net income, trailing twelve months
- −$433M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Equipment & Services
Ranks #27 of 27 by Smart Score